Thank you! Lot of information on the OCED site.
The "management and control" rule is explained here.
Anyone knows of a good firm in Canada that can assist with these matters?
Thanks Guilleiguaran. That is how I understand the CFC as well.
My understanding goes that if you have an IBC but reside in Canada with only 1 shareholder that is in Canada, you are running the "management or control" from Canada. So you would face the same tax obligations a corporation...
Thank you very much for the information Sols!
I want to lower the tax burden. I am not seeking avoidance. In Canada we have a high taxation rate... And yes, my residency is Canada.
Thanks for the jurisdictions. I will focus research on those.
Hi Guys,
I am looking to protect my crypto asset and reduce my tax burden by exploring an offshore structure.
I reside in Canada. I trade crypto from there. I'm looking at different jurisdiction and I want something with simple reporting as I'm a one man show. I know ideally would not live in...
Hi Guys,
I am on a similar quest. I reside in Canada. I trade crypto from there. I am looking to lessen the tax burden. I'm looking at different jurisdiction and I want something with simple reporting as I'm a one man show. I know ideally would not live in Canada. But for a few years I'm stuck...
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